ISHARES EQUAL WEIGHT BANC & (CEW.CA) Stock Technical Analysis
TSX:CEW - Toronto Stock Exchange - CA46433J1084 - ETF - Currency: CAD
Taking everything into account, CEW scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, CEW has proven to be a steady performer, scoring decent points in every aspect analyzed.
Warning: CEW has an average volume of 7966 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that CEW is one of the better performing stocks in the market, outperforming 78% of all stocks. On top of that, CEW also shows a nice and consistent pattern of rising prices.
CEW is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so CEW is leading the market.
In the last month CEW has a been trading in a tight range between 21.39 and 22.05.
Besides having an excellent technical rating, CEW also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
19.09
22.24
We found 3 important support areas.
- A support zone ranging from 20.63 to 21.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @19.91 from a trend line in the weekly time frame.
- Support @19.28 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 21.91 to 22.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CEW.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CEW.CA is up. |
| ChartMill Relative Strength | 78.33 | POSITIVE | CEW.CA has a high relative strength, it outperformed 78.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CEW.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CEW.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CEW.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.24 | NEUTRAL | The RSI value for CEW.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests CEW.CA has a negative trend. |
| Stochastics (14,3) | 59.67 | NEUTRAL | The Stochastics value for CEW.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.59 | LOW VOLATILITY | The low ATR as a percentage value for CEW.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 29.79 | POSITIVE | The high ADX value value for CEW.CA suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 21.92 | 21.73 | 0.19 (0.86%) | 25.00% |
| An entry @21.92. This is a Buy Stop order right above the 10 day moving average. | An exit @21.73. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.19 points, which is 0.86%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.21%. |
- The distance between exit and entry is rather small compared to the average daily movement of CEW. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:CEW (6/13/2025, 7:00:00 PM)
21.8
-0.11 (-0.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.5%
1 Week-1%
2 Weeks-0.43%
1 Month1.21%
3 Month8.51%
6 Month3.76%
12 Month32.52%
2 Year38.59%
3 Year44.77%
5 Year93.08%
10 Year102.01%
15 Year198.15%
Volatility
ATR(14)0.13
ATR(20)%0.59%
ATR Inc-1.09%
Range Today0.13
ADR(20)0.11
ADR(20)%0.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.33
Mansfield0.55
10 Day High22.05
10 Day Low21.74
20 Day High22.05
20 Day Low21.39
52 Week High22.05
52 Week Low16.45
CS1 End21.14
CR1 Start21.91
Volume & EV
DER(3)-0.57%
DER(5)-0.06%
Volume13.76K
Volume Incr-29.9%
Vol(5)5.61K
Vol(50)7.97K